1. Currently bonds with a similar credit rating and maturity as the firm's outstanding debt are selling to yield 8.32% while the borrowing firm’s corporate tax rate is 34%. The after tax cost of debt for the firm is ________% (Round to two decimal places)

2. Common stock for a firm that paid a $1.05 dividend last year. The dividends are expected to grow at a rate of 5.7% per year into the foreseeable future. The price of this stock is now $25.52. The cost of common equity for the firm is _________% (Round to two decimal places)

3. A bond that has a $1,000 par value and a coupon interest rate of 11.7% with interest paid semi annually. A new issue would sell for $1148 per bond and mature in 20 years. The firm's tax rate is 34%.  The after tax cost of debt for the firm is ________% (Round to two decimal places)

4. A preferred stock paying a dividend of 6.7% on a $96 par value. If a new issue is offered, the shares would sell for 86.69 per share. The cost of common equity for the firm is _________% (Round to two decimal places)